AEP Parties definition

AEP Parties. (collectively) or an “AEP Party” (individually) means the Eastern electric utility subsidiaries of American Electric Power Company, Inc., consisting of Appalachian Power Company, 1 Kingsport Power Company and Wheeling Power Company have separate power supply agreements with Appalachian Power Company and Ohio Power Company, respectively, that govern power transactions between them. Columbus Southern Power Company, Indiana Michigan Power Company, Kentucky Power Company, Kingsport Power Company, Ohio Power Company and Wheeling Power Company.
View Source

Examples of AEP Parties in a sentence

  • Each of the AEP Parties agrees that PJM shall determine a net amount for all activities Transactions and/or Obligations under the Documents prior to any allocation of liability by AEP among the AEP Parties in accordance with the AEP Documents for the activities and Obligations incurred by any and/or all AEP Parties, and each AEP Party agrees to save PJM harmless from actions that any one or more AEP Parties may take with respect to PJM pursuant to this Agreement.

  • PJM may exercise all rights to setoff of any amounts owed to the AEP Parties against any amount due and owing from AEP, including, but not limited, to any Collateral held by PJM.

  • A default by any one AEP Party of any of the Obligations under the Documents will constitute a default by all of the AEP Parties.

  • PJM and AEP acknowledge that based on this Agreement PJM will deal with AEP as if AEP Parties (as defined below) were a single legal entity, and not separate entities, for credit purposes.

  • PJM will provide to AEP one or more invoices which shall be combined to comprise a single net ▇▇▇▇ for all activities, Transactions and/or Obligations incurred by the AEP Parties under the Documents during each billing period.

Related to AEP Parties

  • Partnership Parties has the meaning assigned to such term in the preamble.

  • Parent Parties has the meaning set forth in ARTICLE V.

  • Company Parties means the collective reference to Holdings and its Restricted Subsidiaries, including the Borrower, and “Company Party” means any one of them.

  • Sponsor Parties means Sponsor, Vendor, and Utility, their respective successors and assigns, and each of their respective affiliates, agents, directors, officers, and employees.

  • Buyer Parties means, collectively, the Buyer and its officers, directors, employees, subsidiaries, Affiliates (including the Company from and after the Closing) and their respective successors and permitted assigns.